Asia
Japan e-scooter sharing operator Luup raises $8M through debt and asset financing
Luup, Inc, a Japan-based sharing service of electric micromobility including e-scooters and e-bikes, said Wednesday it has raised a total of 1 billion yen ($7.97 million) through debt and asset financing. This is the first time in Japan that an e-scooter sharing service operator has raised funds through asset financing, and this financing brings Luup’s…
Japan messaging app LINE launches NFT marketplace in Japan
LVC Corporation, operator of Japan-based LINE's crypto asset and blockchain businesses, on Wednesday launched LINE NFT, a non-fungible token (NFT) marketplace available only in Japan.
EY: Global IPO market sees significant slowdown in Q1; Malaysia’s exchanges lead by proceeds in Asean
During this quarter, Indonesia’s IDX was most active by deal numbers (12 IPOs raising $219 million), while Malaysia’s exchanges led by proceeds ($362 million via 5 IPOs). In other Asean exchanges, Thailand’s exchanges saw 5 IPOs raising $228 million, the Philippines Stock Exchange had 4 IPOs raising $201 million while Singapore’s Catalist welcomed 3 IPOs…
India’s Pine Labs makes significant investment in Mosambee, boosting latter’s valuation to $100M
India-based merchant commerce platform Pine Labs announced Wednesday that it has made a significant majority investment into Mosambee, a end-to-end payment solution provider in India. This investment will now value Mosambee at upwards of $100 million.
India’s PhableCare raises $25M in Series B funding led by Kalaari Capital
PhableCare, an India-based chronic disease management company, said Monday it has raised Series B funding of INR187 crores ($25 million) led by Kalaari Capital with participation from Aflac Ventures, Digital Horizon, Stride Ventures. Existing investors, Omron Ventures, SOSV, Social Starts, and Fresco Capital also participated in the round.
Singapore co-living firm Hmlet merges with European player Habyt
Hmlet,a Singapore-based flexible living company, said Tuesday it is merging with Habyt, a European co-living player, to create a global company catering to the fast-growing flexible living sector. The combined group will have a presence in 10 countries and 20 cities.
SoftBank leads US intelligent workforce platform Observe.AI $125M Series C funding
SoftBank Vision Fund 2 has led the $125 milllion Series C funding in Observe.AI, an United State-based intelligent workforce platform that transforms contact centers through artificial intelligence (AI). The round also saw the participation from Zoom Video Communications, Inc, Menlo Ventures, Nexus Ventures, Scale Ventures, Emergent Ventures, NGP Capital,…
Hong Kong’s Animoca Brands acquires French racing game developer Eden Games
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the metaverse, announced Monday it has completed the acquisition of 100 percent of the issued capital of French racing game developer Eden Games S.A.S. from Engine Gaming & Media. Animoca Brands will leverage the expertise and capabilities of Eden Games to work…
Applications now open in Malaysia for 5th cohort of EY startup incubator program
This year, the EY organization announced the continued expansion of the EY Foundry startup incubator program into Cambodia, Guam, Thailand and Vietnam.
India’s Instoried secures $200M commitment from global emerging markets group ahead of listing
Instoried, an artificial intelligence (AI)-based writer assistance tool in India, said Thursday it has secured a capital commitment of $200 million from Global Emerging Markets Group (GEM), an alternative investment group with operations in Paris, New York, and the Bahamas, ahead of its listing plan.
